For example, if your HSA contribution limit for the year is $4,150 (as it is in 2024) and your employer contributes $1,000, you can only contribute $3,150—unless you're eligible for a catch-up contribution of $1,000. The amount you can contribute to an HSA each year is ...
First, divide your contribution limit by 12 to get your monthly contribution limit.For individuals, it is $358.33 and for families $712.50 (both numbers represent the 2025 tax year; use the current tax year’s contribution limit when calculating for your situation). Remember, each month that y...
A family health care plan must have a minimum annual deductible of $3,300 ($3,200 in 2024) and an annual out-of-pocket limit of at least $16,600 ($16,100 in 2024). In addition, you’ll also need to meet the following conditions: ...
2025 HSA contribution limit According to the 2025 HSA contribution rules, an employee can contribute up to $4,300 if they have self-only coverage under their HDHP. Or, they can contribute up to $8,550 if they have family coverage under an HDHP. If the employee is 55 years old or ...
Lockton comment:From a practical perspective, most plans will opt to apply the lower of the OOP maximum requirements, in this case, the OOP maximum applied to HDHPs, to avoid having to determine what expenses must be rolled up against which applicable OOP limit. ...
2025 Full year contribution limit Individual $4,150 $4,300 Family $8,300 $8,550 Additional catch-up contributions for those 55+ $1,000 $1,000 Mid-Year Changes in Eligibility If you are HSA qualified all year long and have an open account, the contribution limits are pretty straightforward...
Much like IRAs and 401Ks, HSAs have annual contribution limit maximums that are adjusted every year with inflation. The IRSmaximum HSA contribution limitsare: 2024 Maximum HSA Contribution Limits The maximum HSA contribution amounts for 2024 are: ...
HSA Contribution Limits 20242025 Single coverage$4,150$4,300 Family coverage$8,300$8,550 Catch-up contribution for those who are age 55 or older$1,000$1,000 What if you over contribute? You are responsible for making sure that your annual HSA contributions do not exceed the IRS limit. ...
Married couples with HSA-eligible family coverage can share one family HSA contribution limit. If both spouses have eligible self-only coverage, each spouse may contribute up to the individual limit in separate accounts. Unlike flexible spending accounts (FSAs), HSA funds roll over year after year...
For 2024, the limit is $4,150 for individuals and $8,300 for family coverage for families.For 2025, those amounts are $4,300 and $8,600, respectively.There is also an additional $1,000catch-up contributionavailable for anyone age 55 or older by the end of thetax yearwho ...